FAS fairstar resources limited

aren't 3b's the same as a share split, page-8

  1. 431 Posts.
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    Hopeful,

    With respect, given the international investors have already "conditionally approved" the $300mil debt facility, would suggest that they have already seen "all the numbers" and therefore see fit to lend subject to the NTA, ML and offtake. However as a shareholder, there is no reason why FAS cannot disclose to the market the financial viability of the SHIP, to give us shareholders and the market an up to date understanding of the potential returns of mining SHIP. This is not unreasonable. This information should not be confidential to a lender only, and discolsure to the market would only assist the SP to move north (assuming the SHIP is a profitable proposition).

    I am not surprised at the collapse of the SP as this lack of information is what potential investors would be looking for before handing over their hard earned cash.
 
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